Thank you for sharing!

Your article was successfully shared with the contacts you provided.

VANCOUVER, WA-Capri Capital says it has arranged financing totaling $4.56 million for a 58-unit independent and assisted living facility in Vancouver. The property was funded with a ten-year fixed rate Fannie Mae DUS Senior Housing loan with 25-year amortization.

Highgate Retirement Villas was recently completed and leased up quickly. Situated in a residential and commercial mixed area in the City of Vancouver, Highgate consists of (14) studio, (24) one bedroom and (12) two-bedroom and (8) villas homes. It offers the full package of assisted living services, a swimming pool, a spa and a large clubhouse.

Andrew Mackay of Capri was the originator of the loan. Capri Capital L.P. is a Chicago-based real estate investment advisory, management and mortgage capital firm investing in real estate equity and debt-related products on behalf of pension funds and institutional investors. It has approximately $6 billion under management.

The firm is a Fannie Mae Delegated Underwriting Servicing (DUS) lender, a HUD originator and servicer, and a Freddie Mac program-plus seller-servicer.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.